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______ Float Represents the Value of Checks That Have Been

question 11

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______ float represents the value of checks that have been written and disbursed but have not been deducted from the account on which they were written. 


Definitions:

Arbitrage

The simultaneous purchase and sale of the same asset in different markets to profit from unequal prices.

Profit

Profit represents the financial gain achieved when the revenues generated from business activities exceed the expenses, taxes, and costs incurred in operating the business.

Market

A medium or place where buyers and sellers conduct transactions, either physically or virtually, involving goods, services, or securities.

Financial Leverage

The application of borrowed capital to escalate the possible earnings from an investment.

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